REAL ASSET RESEARCH GROUP
FACULTY OF BUILT ENVIRONMENT AND SURVEYING
Real Estate
The Real Asset Research Group at the Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia aspires to be a regional leader and centre of excellence in real estate and asset-related research and consultancy. Our strategic vision is to contribute significantly to the advancement of knowledge and practice in the fields of asset and property management, real estate investment analysis, real estate finance, and international real estate studies, particularly within Malaysia and Southeast Asia. By focusing on these core areas, the group aims to shape the development of the built environment through evidence-based insights and industry-relevant research.
Our mission is to foster a strong foundation of multidisciplinary research that addresses both local and regional real estate challenges. Through the integration of academic expertise, practical engagement, and strategic partnerships, the group seeks to provide innovative and sustainable solutions that support policy development, enhance investment decision-making, and improve asset performance. By publishing high-quality research, engaging in collaborative projects, and offering specialised consultancy services, the group supports the development of informed and resilient real estate practices.
Recognising the dynamic and interconnected nature of the Southeast Asian real estate landscape, the group is committed to establishing itself as a regional thought leader. We aim to strengthen ties with academic institutions, industry stakeholders, and government agencies across ASEAN to conduct comparative studies, share knowledge, and influence real estate strategies at a regional scale. This includes a focus on cross-border real estate investment, financing trends, and evolving asset management practices in response to economic and environmental shifts.
Areas of expertise that the Real Asset Research Group at Universiti Teknologi Malaysia can offer; –
Asset and Property Management
- Strategic asset planning and lifecycle management
- Facilities and maintenance management
- Performance measurement of property assets
- Property risk management and resilience
Real Estate Investment Analysis
- Investment feasibility studies
- Market analysis and portfolio management
- Risk-return modelling and performance benchmarking
- Real estate valuation and due diligence
Real Estate Finance
- Financial modelling and forecasting for property assets
- Capital structure and funding strategies
- REITs (Real Estate Investment Trusts) analysis
- Mortgage and financing systems
International Real Estate Studies
- Comparative studies of real estate markets across Southeast Asia
- Cross-border investment strategies and trends
- Policy and regulatory analysis in ASEAN real estate sectors
- International valuation standards and practices
Sustainable and Resilient Real Estate
- ESG integration in property investment and management
- Green building valuation and certification impacts
- Resilience planning for climate-related risks in real assets
Technology and Innovation in Real Estate
- PropTech and smart property systems
- Application of big data and AI in asset management
- Blockchain for real estate transactions and records
Consultancy and Professional Services
- Real estate market research and insights
- Customised advisory for government, industry, and investors
- Policy impact assessments and strategic planning support
TEAM MEMBERS

Assoc. Prof. Dr. Rohaya binti Abdul Jalil
rohaya@utm.my
http://people.utm.my/rohayajalil
Research Expertise
Real Estate Finance & Investment
Corporate Real Estate
Business & IP Valuation

Dr. Mustafa bin Omar
mustafaomar@utm.my
http://people.utm.my/mustafaomar
Research Expertise
Property Management
Property Valuation
Asset Optimization

Sr Dr. Mohd Nadzri Bin Jaafar
nadzrijaafar@utm.my
http://people.utm.my/nadzrijaafar
Research Expertise
Property Valuation
Development Appraisal
Asset Management

Sr Dr. Kamalahasan a/l Achu
kamalahasan@utm.my
http://people.utm.my/kamalahasan
Research Expertise
Valuation
Property Management
Corporate Real Estate

Assoc. Prof. Dr. Muhammad Najib Bin Mohamed Razali
mnajibmr@utm.my
http://people.utm.my/mdnajib
Research Expertise
Property Economics
Property Investment
Property Portfolio Management

Dr. Muhammad Yusaimi bin Abdul Hamid
yusaimi@utm.my
http://people.utm.my/yusaimi1
Research Expertise
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Dr. Ezdihar binti Hamzah
edzihar@utm.my
http://people.utm.my/
Research Expertise
Critical Asset Management
Risk Management
Special Property Valuation
Dr. Shazmin Shareena binti Ab Azis
shazmin@utm.my
http://people.utm.my
Research Expertise
Environmental Economics
Land & Urban Economics
Green Building

Dr. Muhamad Amir Afiq bin Lokman
muhamadamirafiq@utm.my
http://people.utm.my/muzani
Research Expertise
Facilities Management
Compentency
Sustainability
